Business

Local Start-up secures additional venture capital funding

Lauren Russell Nkuranga, the founder of GET IT, a commercial food distribution service company based in Rwanda, says that investors still have appetite for the country despite Covid-19 pandemic. Nkuranga’s startup completed its Series A funding – the first significant round of...

Tuesday, July 7, 2020 - 12:12am

Nuts and Bolts: What you need to know about franchising

Starting up a business and taking risks are often used loosely in the entrepreneurship world. Uncertainties around market, quality and demand of products or services are among the reasons why starting out new businesses is considered risky. Capturing the market and setting a signature quality of...

Tuesday, July 7, 2020 - 12:11am

Rwanda’s green energy sector could create 31,000 jobs annually – report

With ambitions of investing in renewable energy in Rwanda in the build-up to 2030, a new report has noted that the sector could lead to the creation of around 31,000 direct jobs every year. Dubbed “Employment assessment of renewable energy”, the report was prepared by Global Green...

Tuesday, July 7, 2020 - 12:10am

Career shift: What to consider before you take the step

When Abel Mutsinzi decided to switch careers from logistics to consultancy early this year, it did not come as easy as was imagined at the start. He faced challenges ranging from the fear of not making it to limited experience, uncertainty of markets, as well as inadequate connections with...

Tuesday, July 7, 2020 - 12:08am

Six new investments targeting smallholder farmers

As a measure of mitigating economic and social consequences of the Covid-19, the budget for 2020/2021 fiscal year will focus on the government economic recovery plan to maintain the economic growth trend of the pre-Covid-19 period and in line with the National Strategy for Transformation 2017-2024...

Tuesday, July 7, 2020 - 12:07am

Moving to renewable can save the economy post-Covid

Throughout the centuries, humanity has gained vast knowledge of various natural phenomena. From distant galaxies and black holes, through rare animal species and climate occurrences, to microscopic viruses and microbes, the sense of human control over life and nature has never been stronger....

Tuesday, July 7, 2020 - 12:06am

What's the way forward for Rwanda’s horticulture industry?

There is need for an organised value chain to boost productivity and increase Rwanda’s horticulture export revenue, horticulture exporters have said. The call was made at the official launch of Rwanda’s Horticulture Exports Association last week in Kigali. According to Robert...

Thursday, July 2, 2020 - 1:37pm

Nuts and Bolts: Characteristics of startups explained

For the last few years, Rwanda has been buzzing with startups, local and international. While Tap & Go by AC Group has revolutionized public transport and Zip Line which delivers blood products  to health centers are more popular, there hundreds of startups operating in different areas...

Tuesday, June 30, 2020 - 12:08am

Leveraging tech in the battle against Covid-19

As the Covid-19 pandemic has shaken up businesses and economies around the world, every tool available globally is being deployed to manage it, including the use of sophisticated digital technologies. In many parts of the world, information technology has been deployed by authorities mainly for...

Tuesday, June 30, 2020 - 12:08am

Carrots farmers adopt post-harvest handling techniques

Carrots farmers who were losing about 30 per cent of their harvest due to lack of post-harvest handling techniques are now recovering following the installation of Zero Energy Cooling Chamber. Zero energy cool chamber is an alternative to a common refrigerator. This is an on-farm storage...

Tuesday, June 30, 2020 - 12:07am

Entrepreneurs share start-ups survival tips

Starting up a business is not a walk in the park. Often many businesses that have started with much promise have collapsed within a period, while others drag on uncertain of survival. Business owners in different fields give tips on how start-ups can flourish: According to Mutesi Gasana, the...

Tuesday, June 30, 2020 - 12:06am

Tesla is worth more than Toyota, and why this is great news for Africa

Although it might sound counterintuitive, revolutions never happen in a day. It is the one, symbolic moment that is usually engraved in the collective memory, symbolising change for the next generations. Even the most iconic moments we all remember come only after many years (sometimes even decades...

Tuesday, June 30, 2020 - 12:05am

Africa losing up to $80bn in illicit financial flows, report shows

African countries made great strides in strengthening commitments and capacity to achieve tax transparency and exchange information on illicit fund flows in 2019, the latest Tax Transparency in Africa report shows. Tax Transparency in Africa 2020 - produced by the Global Forum for Transparency...

Tuesday, June 30, 2020 - 12:03am

Why Equity Bank’s plans to acquire BPR have been called off

The planned acquisition of 62 per cent stake in Banque Populaire du Rwanda Limited (BPR) by Equity Bank Group has been called off. The acquisition talks that opened in April 2019 and a binding term sheet signed to allow for due diligence. However, Equity Bank has terminated...

Tuesday, June 23, 2020 - 11:16am

I&M Bank to raise Rwf10 billion by rights issue

I&M Bank Rwanda PLC will in the course of the year be seeking to raise Rwf10bn by rights issue in a bid to capitalize operations of the bank. The rights issue will see existing shareholders of the bank  existing shareholders offered an opportunity to buy more shares in proportion to their...

Tuesday, June 23, 2020 - 12:09am

Airtel Rwanda partners with World Remit to ease international money transfer

Airtel Rwanda on Monday June 22 announced a partnership with online money transfer service, World Remit to facilitate its customers to transfer money from across the world. The development, according to the local telecommunication operator, will among other things enable Airtel Money customers...

Tuesday, June 23, 2020 - 12:08am

Nuts and Bolts: How do Youtubers make money?

YouTube has become a content phenomenon. According to Statistics Brain, a staggering 1,325,000,000 people use YouTube, watching 4,950,000,000 videos every day. 3.25 billion hours of video are watched on YouTube each month. YouTubers do not put content on the medium for philanthropic reasons....

Tuesday, June 23, 2020 - 12:07am

Stalled projects worth an estimated Rwf115 billion

The Auditor-General, Obadiah Biraro recently released his annual report for the financial year that ended June 2019. The audit was revealed issues in different projects Implementation. The audit identified 22 cases of stalled projects worth Rwf115.3 billion that resulted from inadequate...

Tuesday, June 23, 2020 - 12:05am

Rwanda’s economic recovery efforts get Rwf9bn boost

Efforts to facilitate economic recovery following the Covid-19 pandemic have got a boost worth $9.2 million (approx.Rwf8.7 billion) from Network of International NGOs operating in Rwanda. Fixing the economic impact of the Covid-19 pandemic will cost the Government over Rwf800 billion over two...

Tuesday, June 23, 2020 - 12:04am

Starting a beauty products firm; Rwandan entrepreneur’s experience

Annick Umutibagirana started her skincare and hair products’ company in 2018. This business idea came about after she lost a dear one to cancer. Following a stint with depression, she started conducting research on cancer, until she realized that eating healthy food and using natural...

Tuesday, June 23, 2020 - 12:04am

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